Judgment Debt Attorney-General Blocks ₵352 Million Chinese Judgment Debt

The Attorney-General has saved the country from paying another judgment debt to a Chinese company.

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A Chinese company’s claim for the payment of ₵352.6million has been whittled down to a shocking ₵94,000 courtesy the vigilance of the Attorney-General’s Department.

Minister of Justice and Attorney-General Marrietta Brew Appiah-Oppong has also directed the case to security agencies because of the suspicious ballooning of a $7.7 million contract into ₵352.6 million.

Presently the facts of the case, according to a source at the Attorney-General's department, said China Jilin International Economic and Technical Corporation (CJIETC) had made the claim for the money after they won a High Court judgment.

However in a sharp comeback on  March 19, 2015,  the A-G appealed the ruling asking for a stay of execution which was granted by Justice N.M.C Abodakpi.

After consulting with PricewaterhouseCoopers (PwC) to audit the claims made by the company, the A-G was convinced the claim was dishonest.

The High Court has now ordered the State to pay a drastically reduced amount of ₵94,000.

It all began in 1996 when the Chinese company won a bid to do some construction work in the Ashanti region.

The Kejetia Redevelopment and Traffic Management, and Kumasi Central Market Redevelopment Project were cancelled when the company had done barely 5% of the work after 15 months.

A project expected to end in 15 months had barely started, way after it was expected to end. On October 21,1997 it was terminated on consultant’s recommendation.

The  work done so far by the Chinese company, CJIETC was paid for after assessment but the contractor in 2005 decided to sue the government.

It won a judgment 9 years later in June 2014.

But following the diligence of the A-G’s department represented by Kumasi’s Chief State Attorney, Mr. Agyemang Duodu, the claim for US$103 million (GHC352.6 million)  was slashed.

Source: Myjoyonline

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